1. History
     Aloha Airlines purchase  

2. Controversy

3. References

Yucaipa has a history of leveraged buyouts in supermarket and grocery chains, beginning with Jurgensen's Markets in 1986. After several standalone investments in the late 1980s, it went on to lead the consolidation of West Coast retail that occurred during the 1990s due in part to the rise of discount centers like Wal-Mart.^[3][4] In October 2014, The Yucaipa Companies acquired British retailer Tesco's Fresh & Easy chain five years after it had entered the U.S. market.

History

• 1987: Food 4 Less grocery franchise of Kansas City acquired for $35 million
• 1989: Boys Markets acquired for $375 million
• 1991: Alpha Beta California supermarket chain acquired for $271 million
• 1994: Smitty's Phoenix-based supermarket operator acquired for $138 million
• 1994: Ralphs Grocery Co. Southern California supermarket chain acquired for $1.5 billion; Alpha Beta and Boys outlets subsequently rebranded as Ralphs^[4]

• 1997: Ralphs/Food 4 Less merged with Fred Meyer
• 1998: Fred Meyer sold to Kroger for $8 billion

• 1995: Dominick's, a Chicago-based grocery store chain, acquired for $750 million
  • 1998: Dominick's sold for $1.85 billion to Safeway
• 1999: invests $3 million in GameSpy, and $25 million in Cyrk, Inc.
• 2004: TDS Logistics purchased by Yucaipa (according to TDS Logistics site  )
• 2004: Yucaipa along with Piccadily Restaurant Investment Group, LLC a special purpose entity formed by Ramy El-Batrawi acquires Piccadilly Restaurants
• 2005: Yucaipa becomes the majority shareholder in Aloha Airlines in a $100 million bid to purchase the airline.
• 2005: acquires 40% stake in Pathmark for $150 million^[5]
  • 2007: acquires stake in The Great Atlantic & Pacific Tea Company as part of GA&P's acquisition of Pathmark^[6]
• 2008: acquires stake in Barnes & Noble^[7]
  • 2009: Yucaipa doubles its stake in Barnes & Noble to 16.8% during e-reader war with Amazon.com, citing corporate governance concerns^[8]
  • 2012: divests Barnes & Noble shares to Yucaipa investors^[7]
• 2011: increases stake in The Great Atlantic & Pacific Tea Company as part of a restructuring following its bankruptcy^[9]
• 2012: Stake in Barneys New York^[10]
• 2014: Acquired Fresh & Easy from Tesco^[11]

Aloha Airlines purchase

In February 2006, Aloha Airlines was taken into private ownership by Yucaipa Companies and Aloha Investment Group, LLC head by Ramy El-Batrawi. After 61 years in business, passenger operations shut down on March 31, 2008, due to rising fuel prices, new competition for inter-island travel, a tightening credit market, and dwindling interest by investors in the airline industry.

In January 2011 Yucaipa won federal Bankruptcy Court approval to buy the Aloha name and other intellectual property for $1.5 million with a stipulation that it not resell the name to Mesa Air Group, the parent of go! Mokulele.{{Citation needed|date=August 2012}} It is unknown at this time what the future plans are for the Aloha name.

Caught in the pink slime controversy and with interim chief executive Ron Allen citing "ongoing media attention" that has "dramatically reduced the demand for all ground beef products" in 2012, Yucaipa's AFA declared Chapter 11 bankruptcy. Based in King of Prussia, Pennsylvania, AFA at the time the controversy broke had about 850 employees and annual revenues of $958 million.^[12][13]

Controversy

Former U.S. President Bill Clinton, a close friend of founder Ron Burkle, was an advisor to Yucaipa.^[14] From 2003 to 2006, Bill and Hillary Clintons' tax returns show total Yucaipa partnership income of $12.5 million. According to the 2007 summary provided by Hillary Clinton's presidential campaign, the Clintons earned $2.75 million from the Yucaipa partnership.^[15]

References

• The Solitude of Prime Numbers (soundtrack)
• The Solitudes
• The Solitudes (novel)
• The Solo Guitar of Bola Sete
• The Solomon bar Simson Chronicle
• The Solomon Islands (archipelago)
• The Solomon R. Guggenheim Foundation
• The Solomon R. Guggenhem Foundation
• The Solow residual
• The Solunar Theory
• The Solus Project
• The Solution (album)
• The Solution (Buckshot & 9th Wonder album)
• The Solution (Buckshot album)
• The Solution (Buckshot and 9th Wonder album)
• The Solution (poem)
• The Solutions Project
• The Somali Calendar
• The somatic school
• The Someday Funnies
• The Somerset County Gazette
• The Something
• The Something Rain
• The Somme (film)
• The Somnath railway station